First-quarter payout from FTSE 100’s biggest dividend payer to fall by two-thirds amid coronavirus crisis
Royal Dutch Shell has cut its shareholder dividend for the first time since the second world war following the collapse of global oil prices due to the coronavirus pandemic.
The oil giant told shareholders, including thousands of retail investors and pension funds, that payouts for the first quarter would fall by two-thirds to 16 cents a share. It is the first time that the FTSE 100’s biggest dividend payer will reduce payouts for its shareholders since the 1940s.
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